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ARM Faces a Boardroom Revolt as It Seeks to Remove the CEO of Its Chinese Joint Venture
ARM, the British silicon ship designer backed by SoftBank, is currently embroiled in a nail-biting boardroom conflict, equipped with an equally appropriate dramatic flareup.
To wit, ARM issued a statement on Wednesday, disclosing that the board of its Chinese joint venture – ARM China – has approved the removal of the incumbent chairman and CEO, Allen Wu. Bear in mind that the British chip designer was purchased by the Japanese behemoth, SoftBank, in 2016 for £24.3 billion. ARM currently holds a 49 percent stake in its Chinese JV, with a consortium of investors led by the Chinese equity fund, Hopu Investment, retaining the residual 51 percent stake.
However, just hours after the initial statement by ARM, its Chinese JV issued a contradictory statement on Weibo, reiterating that Allen Wu "continues to serve as its CEO" and that ARM China was operating as usual.
See also: SoftBank's Arm Says China CEO Fired for Major Irregularities
"Following a whistleblower complaint and several other current and former employee complaints, an investigation was undertaken by Arm Limited," the company said in its latest statement, jointly issued with shareholder Hopu Investment. "Evidence received from multiple sources found serious irregularities, including failing to disclose conflicts of interest and violations of the employee handbook." Wu didn't respond to emails and a message sent via his LinkedIn profile seeking comment.
SoftBank's China Chip Venture Rejects Accusations Against CEO
Also at EE Times and TechNode.
(Score: 2) by DannyB on Friday June 12 2020, @06:07PM (2 children)
You were working on a sooper sekrit project. You could tell them, but then you'd have to kill them.
The lower I set my standards the more accomplishments I have.
(Score: 2) by Snotnose on Friday June 12 2020, @10:31PM (1 child)
I haven't worked in 12 years and have no references (no tech references, I have several non-tech friends who will swear to what a great guy I am).
I kinda learned Java, did some stuff on my own. I can give you code where in the early comments say "My 2nd Java program, if I had to do it again this huge pseudo-C struct would be a real object". I actually javadoc'd the program several years ago thinking that some job would want a programming sample. That same program, years later, also uses Java Streams. I use this program every 2 weeks (it's an email game). Consider that itch scratched.
I have a pi media server.
I still feel strong in hardware (as in, give me a chip and I'll write a device driver)
I'm really good at C, good enough at C++, and curious about my Java
I run Linux, and can admin a Linux network.
I'm bored (yea, about that) and could use the money (oops, might have "retired" too early), and wouldn't mind working again. I don't really want a high stress job, but "here is what we need, code it" would be good. Except I'm good enough to say "you screwed up here, want me to work on a fix or keep my head down and code away"
When the dust settled America realized it was saved by a porn star.
(Score: 2) by DannyB on Monday June 15 2020, @03:49PM
With those skills, I truly hope you can find something you like. Java has been the number 1 or 2 language for 15 years. Recently dropped to number 3, edged out by Python. C and C++ are also not very far down the top languages lists.
Strong hardware and device driver seems to me to be much more obscure, but highly useful. In other words, we need device drivers, and kernels, etc, but there aren't that many software projects which do that actual work. Thus the obscurity. Yet the extreme usefulness.
If you learn Java or C#, then one thing you can get into is vertical market business software. Boring business software. It is the stuff that makes the world go around. Like the water, sewer, gas and electrical service to your house, which you give little thought to -- boring business software is everywhere make makes everything work. Much of it is custom written. In house. Some of it is SaaS. No no matter what you may think about it being a bad idea to use SaaS, the simple fact is that SaaS makes actual money. Real actual customers apparently like it very much.
When you go to your doctor's office, or public library, or to get your car's oil changed, or restaurant, etc, you'll notice they all use computers. These computers all run custom written, or vertical market software.
By vertical market, consider horizontal market. Widely useful things everyone uses -- horizontally -- like spareadsheets, word processors, etc. Vertical market software has a small market niche at a much higher price. The software that manages a restaurant, tables, assigns seating, orders, etc. There is a limited market for that software package. You're not going to find it on sale at Microcenter. Software for a lawyer's office which manages documents, and can construct a contract from many different standard legal paragraphs drawn from a library, etc. Cities don't write their own software to bill you for water -- they buy an off the shelf commercial package which does that, including the utility billing, and payment processing. How many water meters do we have in inventory? Where is a water meter with this specific serial number? Etc.
People like to complain about Java. But it must be doing something right. So successful it was that Microsoft copied it as C# after being unable to "Extend" it and being sued by Sun Microsystems.
Just sayin'
Best of luck!
The lower I set my standards the more accomplishments I have.